Sanmina Co. (NASDAQ:SANM) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of Sanmina Co. (NASDAQ:SANMGet Rating) by 32.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,903 shares of the electronics maker’s stock after selling 6,748 shares during the period. Truist Financial Corp’s holdings in Sanmina were worth $641,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cambria Investment Management L.P. acquired a new stake in shares of Sanmina during the second quarter worth $331,000. EMC Capital Management boosted its holdings in shares of Sanmina by 50.2% during the second quarter. EMC Capital Management now owns 6,376 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 2,131 shares during the last quarter. Intersect Capital LLC acquired a new stake in shares of Sanmina during the second quarter worth $274,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Sanmina by 19.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 36,996 shares of the electronics maker’s stock worth $1,503,000 after purchasing an additional 5,896 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Sanmina during the second quarter worth $257,000. Institutional investors and hedge funds own 91.22% of the company’s stock.

Sanmina Trading Up 1.6 %

Shares of SANM opened at $60.59 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.48 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.08. The stock’s fifty day simple moving average is $61.60 and its 200 day simple moving average is $53.82. Sanmina Co. has a twelve month low of $35.36 and a twelve month high of $69.28.

Sanmina (NASDAQ:SANMGet Rating) last released its quarterly earnings data on Monday, November 7th. The electronics maker reported $1.32 EPS for the quarter, beating the consensus estimate of $1.18 by $0.14. Sanmina had a return on equity of 15.02% and a net margin of 3.25%. The company had revenue of $2.20 billion for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Craig Hallum raised their price objective on Sanmina to $76.00 in a report on Tuesday, November 15th. StockNews.com raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup increased their target price on Sanmina to $65.00 in a research report on Tuesday, November 15th. Finally, Sidoti raised Sanmina from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, November 8th.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,270 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $65.00, for a total value of $212,550.00. Following the transaction, the executive vice president now directly owns 30,730 shares of the company’s stock, valued at $1,997,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kurt Adzema sold 15,482 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $61.30, for a total transaction of $949,046.60. Following the completion of the sale, the chief financial officer now directly owns 69,351 shares in the company, valued at $4,251,216.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,270 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $65.00, for a total value of $212,550.00. Following the sale, the executive vice president now owns 30,730 shares of the company’s stock, valued at $1,997,450. The disclosure for this sale can be found here. Insiders have sold 27,014 shares of company stock valued at $1,728,205 over the last three months. 3.30% of the stock is owned by company insiders.

Sanmina Profile

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Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.

Further Reading

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Institutional Ownership by Quarter for Sanmina (NASDAQ:SANM)

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